Bearish Harmonic Pattern Nice MACD divergence Stoch is showing overbought status RSI is a downtrend We are reaching major resistance zone. The R:R here is 3:1.
Bearish Harmonic Pattern Macd Divergence Stoch overbought Nice factors lining up to give a good R:R trade.
Bullish Harmonic Pattern Macd is suggesting buyers are exhausted Stoch is showing usdjpy due for a bounce
this one was developed in our chat room by @PippinCrazee. He started a small size at the buy zone and looking for a confirmation to add more over .880000.
One more push into a higher area will put us into a proven resistance zone. This pair has been on a huge rally. I could easily see sellers step into that resistance area. On the technical side we have a bearish Harmonic Pattern on the daily time frame and MACD and RSI is suggesting buyers are slowing down. I will add more thoughts as we get closer to the short...
Looking for a retest of the highs it made and failed. Looking for it to test the 1.7450-1.75 area before starting a short. stop is over the short zone area Entered at 1.7430 will add if need be
Showing it is major overbought 1 more push into the 163 zone would put the risk to reward in our favor. Review the comments below for more thoughts as the trade progresses into our short zone.
A Bearish Harmonic Pattern has formed on the daily. I like how 4h bullish trend line has been broken and tested. Looking for a re-test of .95550 area first then .93500 area.
Multiple Bottoms here. Great support. A bullish Harmonic Pattern has formed. Looking some accumulation here then a nice bullish engulfing candle to confirm buyers are interested.
Looking for a push up to 1.6320- 1.6350 before getting short. Will look for signs of reversal such a wicks before entering. Targeting 150 pips for this trade.
Break of the bullish trend line. MACD is suggesting buyers are exhausted. This whole sector looks tired. About 3% risk for 20% reward. Looking to confirm with break of 20 day moving average.
MACD is suggesting buyers are exhausted. We just got a trend break here with a Bearish Harmonic Pattern. Great Risk to Reward. Could turn into a longer term short.
Bullish Harmonic pattern lined up with a major support area + Rising Trend line. Looking for buyers to start accumulation near the rising trend line and volume to start pouring before entering long. A break over 10day or 20 day moving average would help confirm a trend change.
RSI/MACD is showing all the sellers have dried up. Support buyers have showed up on the long term rising trend line. Leg 3 of Elliot wave. (en.wikipedia.org) Looking for a close over 10 day moving average to enter. Risk about 1$ dollar and reward very high. Looking for Gap fill for this trade.
Technical Play Side. Bullish Harmonic Pattern at a key support zone. Bullish MACD Divergence Buyers have come in to support this area. RSI is showing the stock is oversold. Also a bullish wedge pattern has formed on stock. Suggesting a upward thrust soon. The Stock does have an avg 8 dollar target price.
Tested the rising trend line and hitting major resistance here. Great risk to reward.
Looking for NVDA to drift into the short zone and some divergences to show up before I will enter short.